Bajaj Electricals Limited — Others, 18-02-2025: Shareholders meeting

Bajaj Electricals Limited has announced a board meeting to seek member consent via postal ballot for the approval and ratification of remuneration paid to Mr. Anuj Poddar, the former Managing Director & CEO, for FY 2024-25, totaling ₹10.73 crore. This amount exceeds the statutory limits due to inadequate profits, arising from slower revenue growth and higher product development costs. The proposed resolution aims to authorize the retention of this excess remuneration. Investor sentiment may lean towards caution, as this highlights ongoing operational challenges, but also reflects management efforts to adapt amid financial pressures.